Firms must provide the right incentives if they are to get focus on long-run value maximization. conflicts exist between managers and stockholders and between stockholders (represented by managers) and managers' personal goals may compete with shareholder wealth maximization. however, managers can be motivated to act in their stockholders' best interests through (1) packages, (2) firing managers, and (3) the threat of hostile takeovers. if a firm's stock is undervalued, corporate raiders will see it as a bargain and will attempt to capture the firm in a hostile takeover.

Managers, Debt holders, Compensation

Explanation:

A hostile takeover is a sale, either to the owners of one corporation (called the target group) or to the board, to get the purchase approved, by the other company (called the acquirer).

The strategies used for winning over the stake include the acquisition on the open market of a majority, the sale of a preferential premium for current shareholders from the purchasing business (a tender offer) and the use of existing shareholders ' voting rights (a proxy war).

Access to its distribution channels, its customer base, market share, technology or because the purchaser considers that the acquisition can improve the value of the current objective and take advantage of the appreciation of the stock price.

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

answer(c) factors of production;